PT Timah production drops from weather
Nani Afrida, The Jakarta Post, Jakarta | Tue, 11/09/2010 7:44 AM
State
tin producer PT Timah says its production may decline by 5,000 tons this year as
a result of irregular weather conditions.
“This
year we will produce around 40,000 tons of tin ore in total,” Timah president director
Wahid Usman said Monday evening, adding that this year the company was
targeting to produce 50,000 tons.
Last
year, the company produced 45,000 tons.
Wahid
said Timah was usually able to produce 4,000 tons per month under normal
weather conditions.
While production
had dropped, Wahid was optimistic that tin prices would continue to increase.
“In
the early 2010, tin prices were at US$19,000 per on. I predict the price will
be around $26,000 next year,” he said.
